The head of the Association of Investment Companies has publicly criticised the regulator’s plans for simplifying the information supplied to investors, claiming they have missed the mark.
Earlier today (19 December), the Financial Conduct Authority opened its long-awaited consultation on its proposed Consumer Composite Investment (CCI) regime. This will be brought in to replace the EU-inherited Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation and the Undertakings for Collective Investment in Transferable Securities (UCITS) disclosure requirements. The aim is to develop a "a more flexible, outcome-focused approach" governed by the FCA. FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI inpu...
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